The Top 10 Reasons To Refinance Your Mortgage
1. What is interesting is that refinancing a mortgage is relatively a new phenomenon. There was no need to ever refinance a mortgage from the 1950s to the 1990s. Everybody that bought a home would put a 20% down payment on the home. This was a common practice for all banks in that time period because many did not want to have to deal with a home going into foreclosure. Foreclosing on a home was a term hardly used in those years. People who bought homes had so much money invested in their down p
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